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Rivian to cut 840 jobs, about 6% of workforce, from teams across the company, although layoffs will not affect manufacturing jobs; the EV maker has a workforce of about 14,000 people
Published: February 01, 2023 by Associated Press
Commentary: Tesla's EV price war makes it harder for startups like Rivian, Lucid to grab share in industry competing for shrinking consumer wallets; some startups may not be able to afford lower prices, as they struggle with raw material, production costs
Published: January 20, 2023 by Reuters
McKinsey expects automakers to release over 400 different EV models in 2023, aside from existing brands like Tesla, Rivian already taking up market share; bulging demand also means automakers plan to bring more production facilities online in coming year
Published: January 20, 2023 by ValueWalk
Tenneco to supply Monroe CVSA2/Kinetic H2 semi-active suspension systems, Clevite elastomer anti-vibration performance materials to Rivian; Rivian to use parts in R1T five-passenger EV pickup truck, R1S seven-passenger SUV EV
Published: November 29, 2022 by Auto Business News
Commentary: Early stage in EV business is money-burning exercise, and companies must find ways to save money to outlast a bad economy; different approaches taken include Rivian shifting more US deliveries to rail freight, and Lordstown curtailing output
Published: November 14, 2022 by Reuters

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